Tim Draper denies moving Bitcoin, reiterates $250,000 BTC prediction
Billionaire investor and longtime Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked him to a large $BTC transfer to Coinbase Prime. “Havent touched my $BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year. The statement came after blockchain analytics platform Lookonchain reported Thursday that a wallet “possibly linked” to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing data from Arkham. The case highlights both the growing role of blockchain analytics in tracking large crypto transfers and the challenges of independently confirming wallet ownership. Draper bought nearly 30,000 $BTC in 2014 Draper is best known in the crypto community as one of Bitcoins earliest high-profile investors, having won a US Marshals Service auction for nearly 30,000 Bitcoin seized by US authorities from Silk Road-related holdings in 2014. According to Forbes, Draper paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now worth about $1.9 billion. Arkham labels the wallet involved in the transfer as “Tim Draper?”, indicating a tentative attribution, but does not publicly explain the basis for the classification. Source: Arkham The wallets transaction history shows several interactions with Coinbase Prime over the past year, including a